This is why journalists make bad capitalists.
From Jon Meacham, Newsweek's editor in today's WaPo (emphasis mine).
"If we can't convince a million and a half people we're worth less than a dollar a week, the market will have spoken."Jon, you need to convince a million and half people you're worth more than a dollar a week because you charge them less than that. See, that way readers perceive value greater than price and you get to stay in business. But I commend you for almost grasping basic market economics.
FWIW, Kurtz does a good round up of Newsweek's left-of-center perspective.
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